Smithstone’s busiest agent!

For those of you reading this that don’t know, I live and work in the Smithstone neighborhood in Denver. I regularly send postcards to the whole neighborhood keeping my neighbors updated on market conditions and of course my own activity in the community. This morning I was working on the new one and thought it might be a good time to crunch ¬†some numbers on what all I have done in my own neighborhood this year and I don’t mind sharing that I was pretty excited by what I came up with! Following is what I came up with for 2013:

Listings sold (single family homes and townhomes combined):

The LKN PROS- 38%

Other RE/MAX Executive agents- 6%

Lake Norman Realty- 25%

West Norman Real Estate- 19%

Brian Griep Properties- 6%

JDW Properties- 6%

Average Days on Market (single family homes and townhomes combined):

The LKN PROS- 127

All other companies combined- 187

We had 3 listings that went from listing to close in under 100 days, of the listings not with our team, only 2 went that fast. This means that we outperformed 9 other agents in our neighborhood. The townhome we listed sold the fastest of other townhome listings by 69 days!

Average ratio of list price to sales price(single family homes and townhomes combined) :

The LKN PROS- 102.5%

All other companies combined- 101%

This seemingly small difference can add up to more money in our clients’ pockets. For example, on a home listed at $300,000 that 1.5% would equate to $4,500 more. We had more single family homes sell for over 100% of the listing price than all other listing agents combined.


This is a lot of numbers to throw at you, so I’ll stop now! The bottom line is – I work hard! Not just in Smithstone but in the Lake Norman area in general. Since we’re closing in on Thanksgiving Day, I’d definitely say I’m mostly thankful for my awesome neighbors around Lake Norman! If you have questions about buying or selling real estate around Lake Norman or the surrounding areas- just ask! I live here, I work here and I’m here for you!

Happy Holidays!

Buyers or Sellers Market?


Do you know how to tell if we’re in a sellers or buyers market? The quickest way to get an idea is not actually based solely on prices or market times, but on the level of inventory. This number is determined by the market absorption rate and the number of active listings in a local mls. Absorption rate is a fancy way of saying how many houses are selling per month.

A balanced market is considered to have a 6 month supply of inventory. A sellers market would have less than 6 months and a buyers market would have more than 6 months’ supply. According the Charlotte Regional Realtors Association, our area market currently has a 5.5 month supply of active listings. This shows that we are in a healthy market with a slight tendency to a sellers market.

The closer we are to that 6 month supply mark, the stronger our market is. Right now what it boils down to is that buyers are purchasing homes for a fair value as opposed to a few years ago when people were getting rock bottom deals. On the seller side it means they are selling homes for a fair price and we’re seeing a stronger trend to receiving multiple offers on a listing which is great for sellers! Overall it is a great time for either buyers or sellers to jump into the market.